Prospera Financial Services Inc acquired a new position in shares of Apollo Global Management LLC (NYSE:APO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 80,637 shares of the financial services provider’s stock, valued at approximately $1,979,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment Corp IL increased its holdings in shares of Apollo Global Management by 0.5% during the 2nd quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock worth $2,764,000 after buying an additional 400 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Apollo Global Management by 4.5% during the 2nd quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock worth $422,000 after buying an additional 560 shares during the last quarter. Allen Investment Management LLC increased its holdings in shares of Apollo Global Management by 1.4% during the 1st quarter. Allen Investment Management LLC now owns 41,305 shares of the financial services provider’s stock worth $1,167,000 after buying an additional 589 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Apollo Global Management by 6.2% during the 2nd quarter. MBM Wealth Consultants LLC now owns 11,108 shares of the financial services provider’s stock worth $381,000 after buying an additional 648 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Apollo Global Management by 5.1% during the 2nd quarter. Creative Planning now owns 14,138 shares of the financial services provider’s stock worth $485,000 after buying an additional 691 shares during the last quarter. Institutional investors and hedge funds own 72.55% of the company’s stock.

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total value of $159,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pauline Richards purchased 2,720 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $30.85 per share, for a total transaction of $83,912.00. The disclosure for this purchase can be found here. Company insiders own 46.90% of the company’s stock.

Several analysts recently issued reports on the company. Barclays assumed coverage on Apollo Global Management in a report on Monday, August 5th. They issued an “overweight” rating and a $45.00 price target for the company. Morgan Stanley increased their price target on Apollo Global Management from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Wells Fargo & Co increased their price target on Apollo Global Management from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Credit Suisse Group upgraded Apollo Global Management from a “neutral” rating to an “outperform” rating and increased their price target for the company from $39.00 to $42.00 in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.22.

Shares of APO stock traded up $0.34 during trading hours on Monday, hitting $40.52. 153,772 shares of the company were exchanged, compared to its average volume of 3,270,636. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.64 and a current ratio of 1.64. Apollo Global Management LLC has a one year low of $22.63 and a one year high of $41.79. The business’s 50-day simple moving average is $35.52 and its two-hundred day simple moving average is $32.62. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -193.14, a P/E/G ratio of 1.08 and a beta of 1.49.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.02). The business had revenue of $523.30 million for the quarter, compared to analysts’ expectations of $398.72 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was down 17.8% compared to the same quarter last year. As a group, analysts anticipate that Apollo Global Management LLC will post 2.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 4.94%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently -952.38%.

Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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